Digital banking group Monese has joined forces with Austria-based specialized payments platform Paysafe to provide its customers with access to cash services. According to the duo, Monese customers may now conveniently add cash into their account by selecting Paysafecash as the top-up method.
Monese currently has more than 40,000 cash top-up locations in the UK and the new partnership with Paysafe will notably boost the total number to more than 110,000 across Europe. In total, Paysafecash is available at around 170,000 payment points in 28 countries (including U.S. and Canada). The duo confirmed:
“The international roll-out of the partnership between Paysafe and Monese starts in France, with plans to extend the availability of the service into an additional 11 countries over the next few months. These additional countries are Austria, Belgium, Bulgaria, Germany, Italy, Luxembourg, the Netherlands, Poland, Portugal, Romania and Spain.”
While sharing details about the collboration, Norris Koppel, Founder and CEO of Monese, stated:
“By partnering with Paysafe and including Paysafecash as a top-up method, we are further expanding our ability to offer a truly accessible service and more freedom of choice to those customers who continue to rely on cash.”
Udo Müller, CEO of paysafecard, the team behind Paysafecash, further explained that the partnership will reflect a collaboration between “one of the most innovative banking services with a leading provider of alternative payment methods.” He then added:
“Our eCash network is extremely well established and continually expanding, putting us in a unique position to be able to bridge the gap between digital banking and cash, which remains a cornerstone of the payment landscape in many countries.”